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Business Development Bank of Canada Act

Version of section 37 from 2014-12-16 to 2023-09-19:

Marginal note:Privileged information

  •  (1) Subject to subsection (2), all information obtained by the Bank or by a subsidiary in relation to its customers is privileged and a director, officer, employee or agent or mandatary of, or adviser or consultant to, the Bank or a subsidiary must not knowingly communicate, disclose or make available the information, or permit it to be communicated, disclosed or made available.

  • Marginal note:Authorized disclosure

    (2) Privileged information may be communicated, disclosed or made available

    • (a) for the purpose of the administration or enforcement of this Act and legal proceedings related to it;

    • (b) for the purpose of prosecuting an offence under this Act or any other Act of Parliament;

    • (c) to the Minister of National Revenue solely for the purpose of administering or enforcing the Income Tax Act or the Excise Tax Act; or

    • (d) with the written consent of the person to whom the information relates.

  • 1995, c. 28, s. 37
  • 2011, c. 21, s. 11(E)
  • 2014, c. 39, s. 222
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